Who Has Cheap Denver Auto Insurance for Lyft Drivers?

The words “bargain” and “auto insurance” probably shouldn’t be used together, especially when you are searching for the cheapest auto insurance for Lyft drivers. Because of the high cost, let’s get started by showing you a few of the factors that have an impact on car insurance prices, and see if you can reduce the price of the next policy you buy.

For Lyft vehicles, one of the more important considerations that are looked at to determine insurance cost is where your residence is in Denver. Areas with more people or even just a higher incidence of claims tend to have higher auto insurance costs, whereas areas with less congestion tend to receive slightly lower rates.

The illustration below lists the most expensive cities in Colorado for Lyft drivers to buy an auto insurance policy in. Denver is ranked at #1 with an annual rate of $1,439 on average, which is approximately $120 monthly.

How much is car insurance in Denver?
Rank City Premium Per Year
1 Denver $1,439
2 Pueblo $1,412
3 Commerce City $1,368
4 Aurora $1,361
5 Security-Widefield $1,343
6 Northglenn $1,342
7 Lakewood $1,337
8 Ken Caryl $1,326
9 Colorado Springs $1,316
10 Arvada $1,308
11 Thornton $1,281
12 Highlands Ranch $1,279
13 Littleton $1,267
14 Centennial $1,265
15 Parker $1,257
16 Castle Rock $1,248
17 Brighton $1,235
18 Westminster $1,234
19 Boulder $1,207
20 Longmont $1,179
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Rate quotes are approximated as the specific Denver residence address can modify prices considerably.

The make and model of vehicle you are seeking coverage for is probably the most important factor that determines whether or not you can buy low-priced car insurance for Lyft drivers. Vehicles with limited top-end speed, excellent safety ratings, or low incidents of liability claims will cost much less to insure than higher performance models.

The list below estimates auto insurance costs for a number of the most budget-friendly automobiles to buy coverage for.

Cheapest Vehicles to Insure in Denver, CO
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLS 2WD $1,413
Honda CR-V EX 4WD $1,446
Honda Accord LX 4-Dr Sedan $1,618
Honda Odyssey EX $1,640
Jeep Grand Cherokee Laredo 4WD $1,672
Ford Explorer Eddie Bauer AWD $1,702
Toyota Tacoma Double Cab 4WD $1,710
Hyundai Elantra GLS 4-Dr Sedan $1,759
Toyota Camry SE $1,767
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,778
GMC Sierra 2500HD SLE Regular Cab 4WD $1,788
Dodge Grand Caravan CV $1,813
GMC Sierra 3500HD SLE Regular Cab 2WD $1,821
Toyota Camry Hybrid $1,910
Chevrolet Malibu LS $1,915
Toyota Prius $1,923
Ford F-150 STX Regular Cab 4WD $1,939
Ford Edge SEL AWD $2,007
Chevrolet Impala LTZ $2,015
Toyota RAV4 Limited 2WD $2,047
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Information does not factor in specific garaging location which can raise or lower rates substantially.

By looking at the data, we can tell that vehicles like the Ford Escape, Honda CR-V, and Honda Accord are going to be some of the most economical vehicles to insure for Lyft vehicles.

Shopping around for affordable car insurance is challenging, and deciding which companies offer the most affordable insurance rates for Lyft drivers involves even more diligence.

Every car insurance company has a different process for establishing rates, so we need to take a look at the insurance companies that tend to be cheaper in Denver, CO.

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Colorado car insurance ranked by cost per year
Rank Company Cost Per Year
1 The Hartford $825
2 Grange $987
3 USAA $1,009
4 Nationwide $1,109
5 GEICO $1,152
6 Auto-Owners $1,192
7 Travelers $1,207
8 State Farm $1,222
9 American Family $1,314
10 Progressive $1,376
11 Amica $1,394
12 Allied $1,439
13 California Casualty $1,444
14 Colorado Farm Bureau $1,624
15 Farmers $1,629
16 MetLife $1,811
17 Allstate $2,015
18 Encompass $2,253
19 Safeco $2,547
20 Titan $2,711
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The Hartford generally has some of the best car insurance rates in Denver at around $825 annually. Grange, USAA, Nationwide, and GEICO would also make the list of some of the most economical Denver, CO insurance companies.

As illustrated above, if you are insured with Grange and switched to The Hartford, you might achieve an annual premium reduction of in the vicinity of $162. Colorado drivers with USAA may save as much as $184 a year, and Nationwide insureds might reduce prices by as much as $284 a year.

To see if your current coverage is too expensive, click here to start a quote or quote prices from the following companies.

Be aware that those policy prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for Lyft drivers. So the auto insurance company that is most affordable for your situation may not even be in the top 21 companies in the list above. That is why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

Responsible drivers pay cheaper Denver insurance rates

One of the best ways to enjoy affordable insurance prices in Denver for Lyft vehicles is to pay attention while driving and avoid accidents and violations. The diagram below highlights how speeding tickets and at-fault collisions can affect insurance prices for each age group. The data assumes a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of auto insurance in Denver per year with a clean driving record and no accidents is $1,720. Get two speeding tickets and the average cost increases to $2,379, an increase of $660 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of insurance for Lyft drivers jumps again to an average of $3,039. That’s an increase of $1,319, or $110 per month, just for not being more responsible behind the wheel!

Get discount Denver auto insurance rates

Cheaper Denver, CO insurance for Lyft vehiclesAuto insurance companies that sell policies for Lyft drivers may additionally offer policy discounts that could potentially reduce rates by 35% or more if you meet specific criteria. A list of insurance companies and some of the discounts are included below.

The chart below visualizes the comparison of insurance costs with and without some available policy discounts. The premiums are based on a female driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, multiple vehicle, marriage, defensive driving course, passive restraint, and accident-free discounts applied. With discounts applied, the average savings per year on insurance for Lyft drivers is 28% or $722.

The insurance agents in Denver listed below can help you decide which coverages are best, since some drivers have questions and prefer to have a professional recommendation when buying car insurance for Lyft vehicles. It can be difficult to find the best policy on your own, and insurance agents can bring peace of mind knowing your coverage gives you sufficient coverage at claim time.

To locate a Denver insurance agent nearest to you, click the button link following the list.

State Farm: Sid Priday
2955 Inca St #1bDenver, CO 80202(303) 825-7909

Austin Domsch – State Farm Insurance Agent
400 S Colorado Blvd #890Denver, CO 80246(303) 321-0895

Todd Savage – State Farm Insurance Agent
2401 E 6th AveDenver, CO 80206(303) 722-1139

Stephanie Sponder – State Farm Insurance Agent
671 E 19th AveDenver, CO 80203(303) 744-0757

More insurance agents in Denver, CO

How to find cheaper car insurance for Lyft drivers

Below you’ll find some of the better money-saving suggestions that can help Colorado drivers find cheap coverage.

The last suggestion is certainly significant, as we pointed out in this write-up. Car insurance prices in Denver change a lot, so don’t hesitate to switch to a new company if a lower price can be found. Brand loyalty is great, but it isn’t a good idea if that loyalty results in overpaying hundreds every year. If you have a few minutes, shop around and find cheaper auto insurance for Lyft drivers.